Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.18% | -0.12 | 2.30% |
| Return on Equity (%) | ▼ | 18.94% | -0.82 | 19.76% |
| Net Interest Margin (%) | ▲ | 4.39% | +0.04 | 4.34% |
| Efficiency Ratio (%) | ▲ | 54.86% | -1.97 | 56.84% |
| Pre-Provision Profit ($M) | ▲ | $13 | +0.75 | $13 |
| Cost of Funds (%) | ▲ | 2.24% | -0.20 | 2.45% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,037 | +219.78 | $1,817 |
| Gross Loans ($M) | ▲ | $1,732 | +209.93 | $1,522 |
| Loan Growth YoY (%) | ▲ | 102.09% | +3.95 | 98.14% |
| Total Deposits ($M) | ▲ | $1,678 | +143.98 | $1,534 |
| Shareholders Equity ($M) | ▲ | $231 | +13.50 | $218 |
| Tang. Book Value ($M) | ▲ | $209 | +13.97 | $195 |
| TBV excl. AOCI ($M)** | ▲ | $214 | +13.71 | $200 |
| Loan / Deposit Ratio (%) | ▲ | 102.09% | +3.95 | 98.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.22% | +1.36 | 1.86% |
| Allowance / Loans (%) | — | 1.06% | 0.01% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 3.64% | +1.74 | 1.90% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($7.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▅███▆█ | Net Interest Margin (%) | 3.78% | 3.91% | 4.10% | 4.34% | 4.36% | 4.40% | 4.21% | 4.39% |
| ▁▂▄█▇▆▅▇ | Return on Assets (%) | 1.66% | 1.80% | 1.97% | 2.30% | 2.18% | 2.06% | 2.05% | 2.18% |
| █▇▅▃▄▅▃▁ | Efficiency Ratio (%) | 62.7% | 61.0% | 59.6% | 56.8% | 58.0% | 58.9% | 57.1% | 54.9% |
| █▇▅▄▃▃▁▁ | Cost of Funds (%) | 2.66% | 2.56% | 2.46% | 2.45% | 2.35% | 2.38% | 2.24% | 2.24% |
| ▃▁▃▁▁▄▇█ | NPA / Assets (%) | 2.25% | 1.93% | 2.32% | 1.86% | 1.87% | 2.41% | 3.02% | 3.22% |
| ▄▂▄▁▁▄▇█ | Net Charge-Off Ratio (%) | 2.64% | 2.28% | 2.64% | 1.90% | 2.02% | 2.64% | 3.41% | 3.64% |
| ▁▁▂▄▅▆▆█ | Tang. Book Value ($M) | $183 | $182 | $187 | $195 | $199 | $199 | $202 | $209 |
| ▁▁▃▃▅▅▆█ | Gross Loans ($M) | $1,434 | $1,471 | $1,509 | $1,522 | $1,594 | $1,609 | $1,653 | $1,732 |
| ▁▃▃▄▆▆▆█ | Total Deposits ($M) | $1,447 | $1,508 | $1,531 | $1,534 | $1,596 | $1,601 | $1,619 | $1,678 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 9% |
| Agricultural | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 22% |